Entertainment One’s (eOne) acquisition of Renegade Entertainment, a leading producer of reality TV shows, is in line with its strategy to partner with the best creators in the industry. As well as complementing its TV production capabilities and relationships, eOne will capture the global distribution rights on new content. The $23m price for a controlling 65% interest looks sensible and, utilising some of the remaining proceeds of the FY15 rights issue, should be 2% earnings accretive in its first year.
